Bankrupt Piaggio Aero Loses Only Client


Europe’s only commercial maker of military drones, Italy-based Piaggio Aerospace, has lost its sole customer after going into bankruptcy in a setback for Italian ambitions to challenge U.S. and Israeli firms in a fast growing industry. Piaggio, a unit of Abu Dhabi’s sovereign fund Mubadala, competes with firms such as U.S. General Atomic, Northrop Grumman and […]
 
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